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Is now a good time to invest in cow calf operation
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<blockquote data-quote="Darhawk" data-source="post: 500617" data-attributes="member: 7766"><p>Guess first is to really determine what it is you're trying to achieve. You said you were in the business once and then apparently you got out. Are you looking solely to try and make a fast buck, or are you looking to make a much longer term investment/return this time around. While market prices decline, costs, i.e., fuel, fertilizer, feed, medicines, vet services, etc., are climbing at a moderate to fast pace. The old adage of "buy light-sell heavy" is taking toll on a lot of folks around here who thought they'd try for a fast buck. Folks bought in at "high price light" and are finding out that in the end it may be "low price heavy" with more in the animals than what they'll get out of them. If you've got the cash to go into the long haul, then you've got a couple good years to get in position for the market change. Not knowing your financial situation and what your ultimate goals are, all else is left to speculation.</p><p></p><p>A side example...........a year ago 1000 pound round hay bales were selling here abouts for $135 per bale or more. Guy down the road with a couple hundred acres of field fiqured he'd make a quick buck and did everything to put up as much hay as he could this past summer, during which we had good rains. What's his return right now........same size bales are selling for $30 a bale. Last year's rain was both a blessing and curse. He's pulling his hair out trying to get his expenses paid. Oh, hay will go up again..........it's the nature of the business.............just as with cow calf prices. There are cycles............just need to know your goals and at what point you want to enter the cycle.</p></blockquote><p></p>
[QUOTE="Darhawk, post: 500617, member: 7766"] Guess first is to really determine what it is you're trying to achieve. You said you were in the business once and then apparently you got out. Are you looking solely to try and make a fast buck, or are you looking to make a much longer term investment/return this time around. While market prices decline, costs, i.e., fuel, fertilizer, feed, medicines, vet services, etc., are climbing at a moderate to fast pace. The old adage of "buy light-sell heavy" is taking toll on a lot of folks around here who thought they'd try for a fast buck. Folks bought in at "high price light" and are finding out that in the end it may be "low price heavy" with more in the animals than what they'll get out of them. If you've got the cash to go into the long haul, then you've got a couple good years to get in position for the market change. Not knowing your financial situation and what your ultimate goals are, all else is left to speculation. A side example...........a year ago 1000 pound round hay bales were selling here abouts for $135 per bale or more. Guy down the road with a couple hundred acres of field fiqured he'd make a quick buck and did everything to put up as much hay as he could this past summer, during which we had good rains. What's his return right now........same size bales are selling for $30 a bale. Last year's rain was both a blessing and curse. He's pulling his hair out trying to get his expenses paid. Oh, hay will go up again..........it's the nature of the business.............just as with cow calf prices. There are cycles............just need to know your goals and at what point you want to enter the cycle. [/QUOTE]
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